All corporations, companies, and associations not incorporated under the laws of this state which are engaged in the city in effecting or soliciting fire insurance, shall pay to the City Treasurer on July 15 of each year a sum equal to 2% of the gross receipts of premiums received by the corporation, company, or association, or their agency or agents, for business effected or transacted for fire insurance within the corporate limits of the city for the year ending the previous July l. The above-named sum shall be as a tax or license fee upon all corporations, companies, or associations transacting such business within the corporate limits of the city.
(‘69 Code, § 9-33) Penalty, see § 116.99
Statutory reference:
Foreign fire insurance companies, see ILCS Ch. 65, Act 5 § 11-10-1